1/15 Net 30 Date of Invoice Translates as

question 14

Multiple Choice

1/15 net 30 date of invoice translates as

• A) a one percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due in 30 days after the middle of the month.
• B) a one percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the end of the month.
• C) a one percent discount may be taken on 15 percent of the purchase if the account is paid within 30 days after the end of the month.
• D) a one percent cash discount may be taken if paid in 15 days; if no cash discount is taken, the balance is due 30 days after the invoice date.

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Definitions:

Yellow Staining

Discoloration often associated with certain conditions, such as jaundice, or the result of exposure to substances like nicotine.

Jaundice

A yellowing of the skin and the whites of the eyes caused by high bilirubin levels, often indicating liver or bile duct issues.

Sclera

The white outer layer of the eyeball, providing structural support and protection for the eye.

Significant Head Lag

The condition in which a baby's head falls backward when pulled to a sitting position, indicating possible developmental delays or muscle weakness.